IAG to release A$200mn of Covid-19 BI provision
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

IAG to release A$200mn of Covid-19 BI provision

This follows a ruling to declass the representative proceeding filed against IAL.

By Abbie Day
January 31, 2025
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
iag logo 2024.png

IAG expects to release A$200mn ($124.5mn) of the A$380mn Covid-19 BI provision.

This follows a September 2024 ruling from the Federal Court of Australia in relation to the class action filed against Insurance Australia Limited (IAL).

On

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

Claims and losses News Business interruption Legal Australasia Insurers
Gift this article